By Liesel Pritzker Simmons
As a millennial, I have recently noticed a flurry of studies, articles, and reports about my generation, authored by a diverse range of interested parties. Quite a bit of the pure sociological data suggests that the 80 million of us born between 1980 and 2000 are narcissistic, lazy, and optimistic to the point of being delusional – it’s enough to make me want to delete that selfie!
Interestingly, the selfish characteristics so rampant in the sociological studies seem to dissipate when researchers start looking at how we millennials spend our time and money. We want our work to have meaning for ourselves and the world, and we place a higher value on consumer goods that have some sort of beneficial social or environmental impact. Climate change is not a debate for us, and we probably still nag our parents about separating the trash from the recycling. Although we are generally more conservative in our investment decisions than previous generations (can you blame us?), we are willing to take on more financial risk if it increases exposure to ESG impact. Impact Assets recently authored this excellent Issue Brief outlining many of the attitudes of millennial investors.Click to continue reading »